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Single Touch Payroll (STP) Fact Sheet

Jennifer Palmer - Feb 2019
Legislation covering STP has now been passed by Parliament and is applicable to all employers, no matter how many employees. Whilst employers with 20 plus employees have already been using STP, employers with 19 or less employees will have to report under the STP rules from 1 July 2019. Urgent action needs to be taken now by these employers in order to be ready for the official start date.

  • Single Touch Payroll (STP) is a change to the way employers report their employees' tax and super information to the ATO.
  • Employers with 19 or less employees will have to report under STP rules from 1 July 2019.  Businesses with 20 or more employees began reporting from 1 July 2018.
  • Using payroll or accounting software that offers STP, employers send their employees' tax and super information to the ATO each time they run their payroll and pay their employees.
  • Information is sent either directly from the software, or through a third party – such as a sending service provider.  Software providers can tell you more about how they offer STP reporting.
  •  MYOB and XERO have announced low-cost STP products for small business – one for employers and one for tax and BAS agents.
  • The ATO has published a list of digital service providers including MYOB and Xero that will provide low cost STP software for the micro business sector.  See list here Single Touch Payroll Solutions.
  • Low cost solutions for micro business are expected to cost less than $10 a month, take only minutes to complete and not require software to be maintained by the employer.
  • Micro business will not be forced to purchase payroll software as there will be alternative options available including allowing their registered tax or BAS agent to report quarterly.
  • Exemptions to STP reporting will be available to businesses that have no internet or an unreliable connection.

For more information, see ATO - Single Touch Payroll.  If you have any further questions regarding STP please do not hesitate to call one of our accounting team.

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